The full reopening of the border will prompt more Australians to make holidays overseas. The key point though is that it sends a powerful message that the worst of the pandemic is now behind us, which should also give a shot in the arm to the ailing domestic tourism industry. By contrast, we doubt that the opening of the border will ease labour shortages as much as most anticipate.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services